Common use of Group Term Life Insurance Clause in Contracts

Group Term Life Insurance. Group Term Life Insurance with Accidental Death and Dismemberment Benefits in the amount of $50,000 or two and a half (2 ½) times annual salary, whichever is greater. Employees covered under these benefits have the option to purchase, at their own expense, additional Life Insurance in blocks of $20,000, $40,000, $60,000 or $80,000.

Group Term Life Insurance. Group Term Life Insurance with Accidental Death and Dismemberment Benefits in the amount of $50,000 110,000 or two and a half (2 ½2) times annual salary, salary whichever is greatergreater effective the first month after ratification. Employees covered under these benefits have the option to purchase, at their own expense, additional Life Insurance life insurance in blocks of $20,000, $40,000, $60,000 or $80,00080,000 subject to the insurer's requirements concerning medical evidence.

Group Term Life Insurance. Group Term Life Insurance with Accidental Death and Dismemberment Benefits in the amount of $45,000 or two (2) times annual salary, whichever is greater. Effective September 1, 2005, Group term Life Insurance with AD&D in the amount of $50,000 or two and a half (2 ½) 2.5 times annual salary, whichever is greater. Employees covered under these benefits have the option to purchase, at their own expense, additional Life Insurance in blocks of $20,000, $40,000, $60,000 or $80,000.